Carl Sandburg College’s Board of Trustees last week made some moves to try and stabilize property taxes.
At their September 24 board meeting, trustees approved a resolution to provide issuance of up to $3.525 in General Obligation Refunding Community College Bonds.
The refund and restructuring of outstanding bonds will allow for the community college to smooth bond payments and maintain consistent property tax rates within the district.
Board members were also made aware that the school had received a Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association.
Sandburg received the certificate for its 2019 comprehensive annual financial report.
The certificate recognizes excellence in governmental accounting and financial reporting.
The college had received this award for the 17th straight year.
